Gender, Pengetahuan Keuangan, dan Niat Bertansaksi Saham
DOI:
https://doi.org/10.32812/jibeka.v12i2.37Keywords:
psychological gender traits, financial knowledge, stock transaction intentionAbstract
This study aims to examine the influence of financial knowledge on gender relations and the intentions of individual investor transactions in the Indonesian capital market. Given the high number of passive investors in Indonesia it is important to know the influence to improve understanding of financial knowledge, especially about stocks. Test method using Moderated Regression Analysis (MRA) with a sample of 41 individual investors who conduct transactions selling and buying shares. The results showed that gender has no significant effect on transaction intention. The interaction variables gender* transaction intentions have a positive and significant effect on the transaction intent. This implies the importance of improving the understanding of investors' financial knowledge in order to generate the intention to transact shares.
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Van Rooij, Marteen., Annamaria Lusardi., & Rob Alessie. (2011). Financial Literacy and Stock Market Participation. Journal of Financial Economic, 101:449-472.
Ajzen, I. (1991). The theory of planned behavior. Orgnizational Behavior and Human Decision Processes, 50, 179–211. https://doi.org/10.1016/0749-5978(91)90020-T
Barber, B. M., Odean, T., Guercio, D. Del, Hirshleifer, D., Karolyi, A., Loughran, T., … Viceira, L. (2001). Boys Will Be Boys: Gender, Overconfidence, and Common Stock Investment*, (February), 261–292. Retrieved from http://faculty.haas.berkeley.edu/odean/Papers/gender/BoysWillBeBoys.pdf
Bogan, Vicki. L., David R. Just., & Chekitan S. Dev. (2013). Team gender diversity and investment decision-making behavior. Review of Behavioral Finance. 2(2): 134-152.
Feng, L., & Seasholes, M. (2005). Do investo sophistification and trading experience eliminate behavioral biases in finance markets? Review of Finance, 9, 305–351.
Jangongo, A., & Mutswenje, V. S. (2014). A survey of the factors influencing investment decisions: the case of individual investors at the NSE. International Journal of Humanities and Social Science, 4(4): 92-102.
Grinblatt, M., & Keloharju, M. (2001). What makes investors trade? Journal of Finance, 56(2), 589–616. https://doi.org/10.1111/0022-1082.00338
Islam Khan, M. T., Tan, S. H., & Chong, L. L. (2016). The effects of stated preferences for firm characteristics, optimism and overconfidence on trading activities. International Journal of Bank Marketing, 34(7), 1114–1130. https://doi.org/10.1108/IJBM-10-2015-0154
Klapper, Leora., Annamaria Lusardi., & Georgios A. Panos. (2013). Financial literacy and its consequences: evidence from Russia during the financial crisis. Journal of Banking & Finance, 37: 3904-3923.
Mokhtar, Ahmed Ibrahim. (2014). Behavioral Finance, Investor Psychology Perspective. Journal of Finance and Investment Analysis, 3(2): 41-60.
Mouna, A., & Jarboui, A. (2015). Financial literacy and portfolio diversification: an observation from the Tunisian stock market. Marketing Intelligence and Planning, 33(6), 808–822. https://doi.org/10.1108/IJBM-03-2015-0032
Nga, J. K. h., & Ken Yien, L. (2013). The influence of personality trait and demographics on financial decision making among Generation Y. Young Consumers, 14(3), 230–243. https://doi.org/10.1108/YC-11-2012-00325
Nofsinger, John R. (2005). The Psychology of Investing, Pearson Education. Second Ed., NJ: Upper Saddle River.
Otoritas Jasa Keuangan, Statistik Pasar Modal, https://www.ojk.go.id/id/kanal/pasar-modal/data-dan-statistik/statistik-pasar-modal/Pages/Statistik-Pasar-Modal-Juli-Minggu-4-2018.aspx
Pak, O., & Mahmood, M. (2015). Impact of personality on risk tolerance and investment decisions: A study on potential investors of Kazakhstan. International Journal of Commerce and Management, 25(4), 370–384. https://doi.org/10.1108/IJCoMA-01-2013-0002
Pompian, M. M., & Longo, J. M. (2004). A New Paradigm for Practical Application of Behavioral Finance : Creating Investment ProgramsBased on Personality Type and Gender to Produce Better Investment Outcomes. The Journal of Wealth Management, 7(2), 9–15. https://doi.org/10.3905/jwm.2004.434561
Pompian, Michael M (2012) Behavioral finance and investor types: managing behavior to make better investment decision, John Willey & Sons, Inc
Ramadhani, Zhafarina Isti, & Desi Adhariani. (2017). Semakin beragam semakin baik? Isu keberagaman gender, keuangan, dan investasi perusahaan. Jurnal Keuangan dan Perbankan, 21(1): 1-11 diakses tanggal16 Juni 2017 dari http://jurnal.unmer.ac.id/index.php/jkdp.
Sivaramakrishnan, Sreeram., Mala Srivastana., & Anupam Rastogi. (2017). Attitudinal Factors, Financial Literacy, and Stock Market Participation. International Journal of Bank Marketing, 35(5): 1-38
Prosad, J. M., Kapoor, S., & Sengupta, J. (2015). Behavioral biases of Indian investors: a survey of Delhi-NCR region. Qualitative Research in Financial Markets, 7(3), 230–263. https://doi.org/10.1108/QRFM-04-2014-0012
Tauni, M. Z., Rao, Z.-R., Fang, H., Mirza, S. S., Memon, Z. A., & Jebran, K. (2017). Do investor’s Big Five personality traits influence the association between information acquisition and stock trading behavior? China Finance Review International, 7(4), 450–477. https://doi.org/10.1108/CFRI-06-2016-0059
Van Rooij, Marteen., Annamaria Lusardi., & Rob Alessie. (2011). Financial Literacy and Stock Market Participation. Journal of Financial Economic, 101:449-472.
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Published
10-10-2018
How to Cite
Nurhidayah, N. (2018). Gender, Pengetahuan Keuangan, dan Niat Bertansaksi Saham. Jurnal Ilmiah Bisnis Dan Ekonomi Asia, 12(2), 7–15. https://doi.org/10.32812/jibeka.v12i2.37
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